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My two cents on the recovery path of the US economy

The cost of financial freedom
The USA is taking a slow recovery path owing to the mishap in 2008. The financial freedom of some financial institutions has come with a cost. Here is some food for thought for the lawmakers in the US-

Increase public welfare spending with conjunction with private players to reduce the depth of the public spending by the government

Cut on unnecessary welfare and redistribute wealth among the lower income group

Set up on low cost manufacturing unit for some geographical pockets

Visa status to illegal immigrants as labour cards for low menial jobs

Inject a feeling of oneness and nationalism in public schools and discussing topics like apartheid, equality and freedom

Better Immigrant Laws for the vaccum created by the baby boomers

Reduce grants on the basis of age and SSN for those who do not require the social security money based on income levels

Laws on contract management and labour

Rationalize the tax system in proportion to the income made

Health program in conjunction with health private players can be introduced in the states

Not dependent on outside oil, buy limit internal consumption by using public transport

Trade deals with low input import barriers

Dilute the Dollar by 5-10% rather than risking another alternative currency

Do not print Dollars, but evaluate the currency for a better exchange limit

Allow multi-trading of currencies and reserve other currencies in the Fed for hedging against sharp rise and fall of Dollars

Thank you for reading this article. Kindly feel free to contact me for further details.

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Anirban Kar (Riju)

A writer by passion, an engineer by degree, a consultant by profession, a poet by heart, an artist by mind, a sportsman by nature and a man by words! He has completed his degree coursework from the USA, and is an engineering graduate from India.
View all posts by Anirban Kar (Riju)